Novanta Inc (NOVT)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 64,087 | 60,134 | 62,165 | 69,289 | 72,878 | 75,629 | 76,896 | 73,496 | 74,051 | 72,543 | 63,656 | 57,841 | 50,331 | 49,233 | 43,888 | 43,884 | 44,521 | 41,082 | 41,747 | 40,467 |
| Total assets | US$ in thousands | 1,388,510 | 1,418,820 | 1,398,570 | 1,410,590 | 1,226,060 | 1,194,280 | 1,232,720 | 1,225,820 | 1,241,210 | 1,207,530 | 1,205,840 | 1,206,160 | 1,227,880 | 1,210,240 | 877,945 | 852,254 | 865,179 | 857,534 | 861,027 | 841,968 |
| ROA | 4.62% | 4.24% | 4.44% | 4.91% | 5.94% | 6.33% | 6.24% | 6.00% | 5.97% | 6.01% | 5.28% | 4.80% | 4.10% | 4.07% | 5.00% | 5.15% | 5.15% | 4.79% | 4.85% | 4.81% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $64,087K ÷ $1,388,510K
= 4.62%
Novanta Inc's Return on Assets (ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 4.81% in March 31, 2020, increased to 5.28% in June 30, 2022, and reached its peak at 6.33% in September 30, 2023. The trend then declined slightly to 4.62% by December 31, 2024.
Overall, the ROA demonstrates variability with both upward and downward movements over the analyzed period. It is essential for stakeholders to monitor these changes in ROA to understand how effectively Novanta Inc is utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROA
Novanta Inc
NOVT
4.62%
Edgewell Personal Care Co
EPC
2.64%
Energizer Holdings Inc
ENR
0.88%
Integer Holdings Corp
ITGR
3.08%